The population of India’s commercial capital is growing very slowly in the suburbs while it is shrinking in the old city, the preliminary census data on Maharashtra released on Friday shows. Meanwhile, the population of adjoining Thane district has grown explosively at 35.9% between 2001 and 2011, as expensive real estate in the city has pushed people to satellite towns such as Kalyan and Vashi in this district. The shift in people...

Given a positive regulatory environment, banks and other financial intermediaries will certainly be interested in using the smart card opportunity. Dr Arvind Virmani, with a Ph.D. from Harvard and 30 years of professional experience, is one of the most valued economists in the Government. Before he retired as Chief Economic Advisor in 2009, he had served in the Finance Ministry and the Planning Commission. A researcher par excellence, his research papers...

After the sanctioning of education loans, the public and private sector commercial bankers have shown almost no interest in sanctioning farm loans this year. The farmers in Madhya Pradesh continue to face financial strain and have stayed away from bankers. But the bankers consider last year’s debt waiver scheme being responsible for the low agri credit flow. While state-owned cooperative bankers moved ahead in sanctioning and disbursing priority sector advances, private...

Assam’s performance on NREGA implementation remained a matter of concern for the year April 2009 – March 2010. NREGA is to guarantee 100 days of guaranteed employment of the rural communities of Assam but research showed a different picture. North East Social Trust (NEST), a voluntary organization working for the community development for last eight years in Assam, carried out a research last year in collaboration with the Indo-Global Social...

State governments will have to abide by stricter rules to receive money from the centre for the rural employment scheme in the next financial year 2011-12. The centrally sponsored Mahatma Gandhi National Rural Employment Guarantee Scheme ( MGNREGA )) has been one of the biggest drivers of rural consumption in the country. Stricter measures of fund release might lead to lower transfer to states at a time when high interest rates are...